(iii)

 (A) if such extension is due to any act or omission of
 Lessor or any Person claiming through Lessor,
 Lessee shall not be obligated to pay Rent during
 such extension period and Lessor shall promptly
 after receipt of an invoice, reimburse Lessee for
 any and all out-of-pocket expenses incurred for
 the maintenance of Insurances, maintenance,
 storage, testing, inspection, repair and parking
 of the Aircraft to the extent such expenses are
 attributable to any such act or omission of
 Lessor, or

 93


 (B) otherwise, Lessee shall pay Rent to Lessor during
 such extension period at a rate per month equal to
 the amount of Rent payable in respect of the last
 scheduled Rental Period at a rate per month equal
 to the Rent payable in respect of the last
 scheduled Rental Period plus, after the first ten
 (10) days of such extension period, thirty-five
 percent (35%) prorated for actual time elapsed.

 (b) Unless otherwise agreed by Lessee and Lessor any extension of
 the Term under this Clause 12.3 (other than an extension
 arising as a result of an act or omission of Lessor, Owner or
 Beneficiary) shall not prejudice Lessor's right to treat such
 non-compliance or failure as an Event of Default at any time,
 and to enforce such rights and remedies as may be available to
 Lessor in respect thereof under the terms of this Agreement or
 applicable law. Without limiting the generality of the
 foregoing, Lessee's Rent obligation under Clause 12.3(a)(iii)
 above shall be without prejudice to (but without duplication
 of) Lessor's rights under Clause 13; and